Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: BloFin against Gate+0.080%78s7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$597as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$5955.947% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 3 days (all we have)+0.100%+$10 · spread now +0.080%, 7d avg +0.055%

Together, before fees+0.079%+$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.025% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.055%. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ALT_USDT	0.007513	0.0100	pay 0.0100% / 8h	25m 47s	$51K	$412K	25x
Short	BloFin ALT-USDT	0.007519	0.0096	get 0.0048% / 4h	25m 47s	$171K	$10K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BloFinbpOrdersPrice spread, now +0.080%Rate

Funding earned: −$0.77
Price spread: +0.080% → +0.055%: $2.5
Slippage, 4 orders: −$567.72
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$592.99
Costs to cover: 5.947%
Break-even: never at this rate

Slippage from Gate: live order book, 50 min ago; BloFin: live order book, 43 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 50 min ago	8.00 bp	298.9 bp −$299	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 43 min ago	3.33 bp	18.2 bp −$18	53.6 bp −$536	doesn't fit	doesn't fit

ALT on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ALT_USDC-PERPETUAL	−0.0149%	1h	0.007520	+0.093%	—	$0	25x	as long as short
Kraken Futures PF_ALTUSD	−0.0089%	1h	0.007525	+0.159%	$44K	$8K	10x	as long as short
Variational Omni ALT	−0.0031%	4h	0.007512	−0.018%	$5K	$13K	—	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−1.757%	$815	$4K	5.5x	as long as short
BloFin ALT-USDTshort	+0.0096%	4h	0.007519	+0.080%	$171K	$10K	50x
Hyperliquid ALT	+0.0100%	1h	0.007515	+0.027%	$1.1M	$184K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007517	+0.053%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007512	−0.013%	$1.2M	$1.6M	25x	as long as short
Gate ALT_USDTlong	+0.0100%	8h	0.007513	long leg	$51K	$412K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007517	+0.053%	$400K	$185K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ALTUSDTM	+0.0100%	4h	0.007521	+0.106%	$149K	$21K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007514	+0.013%	$617K	$100K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007515	+0.027%	—	$1.3M	—	as long as short
Coinbase International ALT-PERP-INTX	+0.0416%	1h	0.007548	+0.466%	$14K	$3K	50x	as long as short